Iota Commits $7,000.00 in Grants to Small Businesses Owned by African American Women

Applications are due by July 21, 2020!

Click to Download – Cover Letter (MS Word)
Click to Download – Application (MS Word)

Iota Phi Lambda Sorority, Inc, in partnership with the Lola M. Parker Foundation is committed to empowering youth and women to achieve financial independence through entrepreneurship and business education. Small businesses owned by African American women are being adversely
affected by COVID-19. As we continue to recover from the effects of COVID-19 Pandemic and the inequality of loan assistance and resources, Iota has renewed its efforts to help small businesses in our communities.

We will award up to 10 micro-grants ranging from $500.00 to $1,000.00 to small businesses owned by African American women, with less than 15 employees, to aid in their survival and recovery. The grants are to be awarded by a lottery of qualified applicants on August 8, 2020. To qualify, a business must have been in business for at least one year, have less than $100,000.00 in annual revenue and experienced a 25% decrease in revenue as a result of the COVID-19 pandemic.

Starting July 1st, applications will be available and accepted from African American women
owned small businesses in each of the five regions served by Iota Phi Lambda Sorority, Inc.
Please contact your local Iota chapter for application and/or questions. Applications are to be
completed and returned to a local Iota chapter.

Applications are due by July 21, 2020.